Catalyxx secures over €20M in EU grant for its first bio-based chemicals plant, supporting its transition to commercial-scale production.
Amount Raised
€20 Million
Round Type
Grant
Description
Catalyxx, a Spain-based developer of bio-based chemicals, has secured a €20 million grant from the EU for its first commercial plant. This funding is part of the RenewChem project aimed at establishing industrial-scale production while reducing reliance on fossil feedstocks. The grant underscores Catalyxx's commitment to sustainable manufacturing and validates its technology. CEO Joaquín Alarcón stated that the project not only supports the company's strategy but also strengthens Europe's supply security in chemical value chains.
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